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Rabat- Over five billion dirhams ($614 million) will be invested by private partners in 2014 in the sector of hydrocarbons and mining, Amina Benkhadra, director of Morocco’s national office for hydrocarbons and mining (ONHYM) said on Tuesday in Rabat.
Morocco will witness the drilling of 27 wells in the different sedimentary basins onshore and offshore in 2014, she added according to MAP.
2014 will be an extremely important year in terms of investment. Over the past year, a growing number of foreign companies showed interest in Morocco, namely the British Petroleum and Chevron, Benkhadra told the press on the sidelines of the 2nd session of the ONHYM board of directors, chaired by head of government Abdelilah Benkirane.
She said that 2013, which was marked by a growing of drilling for hydrocarbons with the participation of 34 partners, witnessed a global investment of 2.3 billion dirhams, including 58 million dirhams allocated by the state-run body.
Partners launched the first drilling works. Fours drills were operated in 2013, two in the Gharb, one off the Atlantic ocean in Foum Draa and the last one in Sidi Mokhtar in the region of Essaouira, she said.
